Advance Auto Parts (AAP)
Advance Auto Parts Accruals: -101.91M
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AAP Accruals Rankings
| Overall | 11th percentile | 3823 of 4305 |
| Sector | 11th percentile | 734 of 832 in Services |
| Industry | 19th percentile | 4 of 5 in Auto Parts Stores |
AAP Accruals Range, Past 5 Years
| Minimum | -228.57M | Mar 2010 |
| Maximum | 30.34M | Sep 2008 |
| Average | -79.38M |
About Accruals
Accruals are the non-cash net income earned by a business as a result of accrual based accounting. Mathematically, they are Net Income less Cash Flows from Operations.
Businesses with large positive accruals generally have large non-cash earnings like sales on account that have not yet been paid by customers. Those with negative accruals often are paid up-front for services and recognize the revenue over time as they perform the pre-paid service (newspapers are a good example of this type of business), or they may have large non-cash expenses such as depreciation.
Beware businesses that have large positive accruals over long periods of time. They are a signal of low quality earnings numbers (earnings without much actual cash behind them, in a simple sense). Accruals are also a key element of the Beneish M-Score which detects earnings manipulation, and companies with higher accruals relative to their assets are more likely to have been manipulating earnings.
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AAP | 73.67 | +0.74 | +1.01% | 5.373B |
| AAON | 19.43 | +0.47 | +2.48% | 477.40M |
| AAN | 26.87 | +0.09 | +0.34% | 2.043B |
| AAME | 2.70 | +0.08 | +3.05% | 57.43M |
| AACC | 5.43 | -0.25 | -4.40% | 166.59M |
| AAC | 9.95 | +0.00 | +0.00% | |
| AA | 8.63 | +0.00 | +0.00% | 9.200B |
| A | 41.01 | -0.01 | -0.02% | 14.26B |
| V | 119.37 | -0.40 | -0.33% | 97.06B |
| UWN | 1.18 | -0.02 | -1.67% | 18.75M |